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Africa
PenCom And EFCC To Work Together In Eradicating Fraud
The National Pension Commission has said it is working with the Economic and Financial Crimes Commission to…
Nigeria Government Approves Payment Of Stipend To Student In The Department Of…
The Federal Government has approved the sum of N75,000 as a stipend per semester for students undergoing degree…
Oil Price Rise Above $81 whilst Nigeria’s production drops by 130,000 barrels
Oil prices climbed above $81 on Monday as the Organisation of Petroleum Exporting Countries and its allies…
BluePeak Private Capital Raise Capital For Flagship Private Credit And Mezzanine…
BluePeak Private Capital, an alternative investment firm with a strong focus on Africa, announced that it has…
Crypto Exchange “Yellow Card” Raises $15 Million In Series A Funding
Cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency…
Development Partners International (DPI) Sells Stake In Food Concepts To ACA
Private equity firm Development Partners International (DPI) said on Thursday it has sold about a third of its…
Africa Startup “Andela” Attains Unicorn Status
Andela, a startup that connects African software engineering talent to global companies has raised $200 million…
1000 Additional Worker Needed For Nigeria Rail Line
The Lagos-Ibadan rail line will employ 1,000 additional workers at the cost of N567.45m per annum.
The Managing…
Airtel Nigeria To Buy Back 8.27% Minority Shareholdings
Airtel Africa has announced that its subsidiary, Airtel Networks Ltd. (Airtel Nigeria), has initiated a process to…
Pressure On Cost Leads To Purchase Price Inflation
Unfavorable exchange rate movement exerted pressure on cost, leading to a rise in purchase price inflation.…
Nigeria Spent N1.47tn On Debt Servicing
Nigeria spent N1.47tn on debt servicing payments in the first half of 2021, data obtained from the Debt Management…
Jaiz Bank Net Revenue Funds To Reach N5.07 Billion By End Of Q4
Jaiz Bank Plc has projected a net operating income of N4.68bn in the fourth quarter of the year 2021.
An…
Cloud Exchange Collaborate With Huawei
Cloud Exchange has launched Africa’s first uptime institute tier IV modular prefabricated data centre in…
Nigerian Business Has Long Term Potential: Procter & Gamble Company
Procter & Gamble (P&G) is raising Nigeria’s capability to earn foreign exchange (forex) through its ongoing…
Insurance Industry’s Gross Premium Income (GPI) Grew By 15%
The Insurance Industry’s Gross Premium Income (GPI) grew by 15 per cent year-on-year to N592.3 billion in the…
World Bank Approve $11.5 Billion Lending
The World Bank has said it approved $11.5bn in lending to Western and Central African countries for 98 operations.…
Nigeria Exchange Limited To Democratise finance In Nigeria Technology Sector
Capital market regulating bodies and other stakeholders have called on operators in the technology industry to…
Nigeria Manufactured Import Exceed Export By 4.3 Trillion
The value of manufactured goods imported into the country exceeded exports by N4.37tn in the second quarter of…
Investors Gain N521.46 Billion
Investors in the Nigerian Exchange Limited equities market recorded N521.46bn gain in September despite losses in…
European Union And German Agency Provide Financial Support To Nigeria Government
The European Union and the German Agency for International Cooperation on Thursday provided additional £15m as…
Lower-Income Countries Should Avoid High Interest Rate Financing : World Bank
The World Bank Group has called on lower-income countries to prioritise concessional financing and avoid the high…
Nigeria Debt Hit N35 Trillion
Nigeria spent N445.4bn on debt servicing payments in the second quarter of this year, the latest data obtained from…
E-Naira Won’t Launch On Independence Day: CBN
The Central Bank of Nigeria on Thursday announced the postponement of the planned unveiling of the country’s…
Nigerians Can Now Access Twitter Without VPN
President Muhammadu Buhari has announced that the suspension on Twitter’s operation in Nigeria has been lifted.…
NNPC Incorporation Have Been Completed: Corporate Affairs Commission
The Corporate Affairs Commission (CAC) on Wednesday, said that it has completed the incorporation of Nigerian…
NGX Market Capitalization Gains N382.06 Billion
At the end of Wednesday trading session, the Nigerian Exchange market closed positive amidst sell-offs and…
Shell Nigeria Donates Subsea Training Facilities To University Of Port-Harcourt
Shell Nigeria Exploration Company Limited has announced that it had donated subsea training facilities worth over…
OPEC Annual Statistical Bulletin Shows Drop In Nigeria Oil Reserve
The 2021 Annual Statistical Bulletin of the Organisation of Petroleum Exporting Countries released on Wednesday…
Instagram Announce Pausing Of Instagram Kids
Instagram announced that it is pausing its planned version of the social media platform geared towards children…
Bank for International Settlements Says Digital Currencies Will Reduce The Cost Of…
The Bank for International Settlements has said digital currencies will reduce the cost of cross-border payments.…